Author Archives: Editor
Year-End Tax Update: A look at carried interest and fund tax efficiency
New York (J.H. Cohn LLP) – Another year has passed, but President Obama still has not been able to pass his “Carried Interest” bill. Advisers, as year-end approaches, will benefit from reviewing pending legislation and other issues, including business structure, […]
Ending HIV/AIDS: Hedge Funds Believe in These 5 Companies
The Motley Fool – Last week President Obama announced a new goal to provide HIV/AIDS treatment to 6 million people worldwide by 2013, up from an earlier goal of 4 million people. “We can beat this disease. We can win […]
Hedge-fund head Rajaratnam begins 11-year prison term
BBC – Disgraced hedge fund founder Raj Rajaratnam has arrived at a federal prison to begin serving the longest-ever sentence for insider trading. Rajaratnam, who was sentenced to 11 years in jail, reported to a facility in Massachusetts. He was fined […]
Hedge Funds Reverse as Iran Drives Oil to $100: Energy Markets
Bloomberg – Hedge funds retreated from bearish oil bets as rising tension with Iran, OPEC’s second-largest producer, pushed crude to more than $100 a barrel. The funds and other large speculators increased wagers on rising prices by 2.6 percent in […]
Paulson’s fund posts another poor month
Reuters – As November performance numbers roll in it is clear John Paulson will go down as the hedge fund industry’s biggest and best-known loser in 2011. Despite notching some gains in October as the market rallied, his fund Paulson […]
Analysis: Singapore hedge fund sector set to shrink
Reuters – Singapore’s $53 billion hedge fund industry is set for a shakeout as the city-state’s planned new regulations are expected to raise costs for scores of already stretched smaller funds, threatening their survival. The move would represent a partial […]
UK asset manager charged in hedge fund case
Dow Jones – Prosecutors in Manhattan alleged that Michael Balboa, a former managing director at London’s Millennium Global Investments, directed two others to substantially inflate the prices for some debt held by the Millennium Global Emerging Credit Fund between January […]
New S.E.C. Tactics Yield Actions Against Hedge Funds
DealBook – Financial regulators have long relied on outsiders to generate tips about potential fraud at hedge funds: disgruntled employees, news reports and disillusioned investors. Now, the Securities and Exchange Commission is ferreting out wrongdoing in a new way — […]
Singapore hedge fund sector set to shrink on tighter regs
Reuters – Singapore’s $53 billion (33.8 billion pounds) hedge fund industry is set for a shakeout as the city-state’s planned new regulations are expected to raise costs for scores of already stretched smaller funds, threatening their survival. The move would […]
Appeals court rejects hedge fund founder’s effort to remain free pending appeal in NYC
Washington Post – A hedge fund founder’s long-shot bid to remain free pending appeals of his insider trading conviction and 11-year prison sentence was rejected Thursday by a federal appeals court. The 2nd U.S. Circuit Court of Appeals in Manhattan […]
Hedge funds on red alert for bank leverage squeeze
Reuters – Hedge funds are steering clear of the big bets they are famous for, rattled by worries that the lenders who bankroll their most lucrative plays will soon turn the taps off. With memories of sudden margin calls at […]
Hedge Funds Cutting Bearish Gas Bets Fuel Rally
Bloomberg – Hedge funds slashed bets on falling natural gas prices from record levels last week, triggering the longest rally since July on speculation that cold weather will bolster heating demand and reduce brimming stockpiles. The funds and other large […]